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By Mark O'Byrne |
June 18, 2013
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new ETF, according to HSBC.
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By Mark O'Byrne |
June 14, 2013
James Steel, chief commodities analyst at HSBC in New York continues to be constructive on gold in the medium and long term and sees gold rising to $1,600/oz in the second half of 2013.
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By Adrian Ash |
June 7, 2013
Gold and silver prices whipped sharply Friday lunchtime in London, as new U.S. jobs data matched analyst forecasts with a 175,000 rise in Non-Farm Payrolls for May and a slight rise in the jobless rate to 7.6%.
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By Adrian Ash |
June 6, 2013
A day after imposing new blocks on legal gold imports, the Indian government yesterday hiked bullion import duty from 6% to 8% by value –- an 8-fold increase from the start of 2012.
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By Adrian Ash |
May 16, 2013
Opposing the rise in retail gold demand, says the World Gold Council, "[was] a well-documented decline in gold ETF holdings...which outweighed the [global] growth in bar and coin demand."
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By Ben Traynor |
May 15, 2013
The world's biggest gold exchange traded fund SPDR Gold Trust could lose up to a further four million ounces (almost 125 tonnes) to add to the nearly 300 tonnes it has lost through redemptions since the start of the year.
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By Adrian Ash |
May 9, 2013
Spot gold prices slipped back below $1,470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs.
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By Ben Traynor |
April 30, 2013
Following a dip during Asian trading, the gold price climbed back above $1,470 per ounce Tuesday morning in London, broadly in line with where it was a day earlier, with China's markets shut for this week's Labor Day holiday.
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By Ben Traynor |
April 29, 2013
Strong demand for physical gold from private households continues to cause bottlenecks and price premiums. Gold traders in Dubai report premiums over the spot gold price of up to $10 an ounce for physical bullion.
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By Ben Traynor |
April 23, 2013
Wholesale gold bullion prices rallied back above $1,420 an ounce Tuesday morning in London, having earlier dipped back toward where they started the week following yesterday's 2% jump amid what one Hong Kong dealer suggested was the biggest rush to buy gold in half a century.